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Labrador Gold Corp V.LAB

Alternate Symbol(s):  NKOSF

Labrador Gold Corp. is a Canada-based mineral exploration company. The Company is focused on the acquisition and exploration of prospective gold projects in Eastern Canada. The Company’s properties include Hopedale Property, Borden Lake Property, and Scotch Property. The Hopedale property comprises 998 claims on five licenses covering 249 square kilometers of the Florence Lake greenstone belt. The Hopedale property covers much of the Florence Lake greenstone (FLGB) belt that stretches over 43 km. The belt is typical of greenstone belts around the world but has been underexplored for gold by comparison. The eastern portion of the Florence Lake greenstone belt lies along tidewater southwest of Hopedale. The Company has a 100% undivided interest in the Borden Lake Property located near Chapleau, Ontario. Borden Lake Extension (BLE) consists of approximately 219 claims. The Company’s Scotch Property is located southwest of Moncton, New Brunswick and consists of 21 claims.


TSXV:LAB - Post by User

Comment by megacopperon Jun 09, 2021 8:50am
212 Views
Post# 33353956

RE:RE:RE:Some perspective

RE:RE:RE:Some perspective

surething1111 wrote: Another thing to consider is the geology was not well understood.....it's easy to miss the offshoots or splays. The similarities to Fosterville were not considered at that time
Best
S

 

Excellent point surething. Now they know with Quinton Hennigh's guidance and others who have experience with these types of high grade splays similar to Fosterville they need to do very close drill spacing of the holes. They might drill at only ten meter spacing or even less to understand the orientation of the mineralization. This is the problem SIC encountered on the Moosehead property for the last few years. Drill spacing was too wide. Now that they understand the geology much better companies like LAB and SIC should be able to follow the mineralization better at depth and build on their high grade resources. One major issue in the past was not having enough capital to carry out a comprehensive drill program. Now that all of these juniors are cashed up thanks to guys like Eric Sprott there should be a steady stream of much more positive drill results. 

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